Fluorotelomers Market Size

Fluorotelomers Market Size

Fluorotelomers Market size is calculated to grow from over 26 kilo tons in 2015, with growth estimates of over 12.5% CAGR up to 2023.

Environmental risks pertaining to perfluorooctyl sulfonate (PFOS) usage have resulted in the implementation and introduction of stringent regulations. Rise in fire safety consciousness accompanied by regulatory compliance by EPA and EU to discourage PFOS derived products were among the key trends to drive global fluorotelomers industry growth.

Europe fluorotelomers market share for fire-fighting foam application was worth over USD 15 million in 2015. Minimizing fire spread, re-ignition resistance, smoke pollution reduction accompanied by chemical and thermal stability are some of the key features to enhance demand in firefighting foams application.

Global textile production was estimated at over 90 million tons in 2014. Textile industry expansion in China, India, Bangladesh and Pakistan accompanied by regulatory inclination to improve manufacturing output at domestic level were among the stimulating factors to drive fluorotelomers industry demand.

High demand from domestic segment for different textiles type owing to the increase in disposable income and rise in living standard are expected driving factors to witness high demand over the forecast period. This industry is essentially a close sub-set of the global fluorochemicals market.

Growing demand from niche applications including magazine paper, metal plating, photography, and semiconductor due to its effective results and eco friendly nature may drive demand in this segment.

Global paper production was estimated at over 400 million tons is 2013, with Asia Pacific accounting for 45% of the total volume. Glossy paper magazine demand growth in order to give aesthetic look accompanied by its features to absorb extra oil in food & beverages packaging should instigate fluorotelomers industry growth in this segment.

Food & beverages packaging spending in order to improve quality and attract consumers by providing premium product appearance should instigate demand in this segment.

Key raw materials, vinylidene fluoride, chlorotrifluoroethylene, tetrafluoroethylene, and hexafluoropropene, may face restriction in production and usage due to hazardous nature. This may result in tight supply situation and can affect fluorotelomers market price trend. For instance, the U.S. and EPA have phased out the refrigerant blends containing hexafluoropropene usage under 64 FR 3865.

Technology innovation and development in niche applications such as surfactants & repellants, liquid crystal additives, electronics, optics, pharmacological and biological may create opportunity for fluorotelomers market growth.